By John Lee.
Despite the exceptional socio-economic circumstances coupled with the continuation of intense price competition, Zain Iraq achieved USD 811 million revenues due to the impressive growth in data usage and numerous customer acquisition initiatives in the northern regions of the country.
The operation’s efficiency drive saw EBITDA reach USD 281 million, reflecting a 35% EBITDA margin.
Net income amounted to USD 24 million for the period. Zain Iraq leads the market serving 13.7 million customers, which represented an impressive 16% Y-o-Y increase.
(Source: Zain Group)